Novogradac Introduction to New Markets Tax Credits

2nd Edition

New and Improved for 2013! The Second Edition of the Introduction to New Markets Tax Credits provides all of the New Markets Tax Credit (NMTC) program information of its predecessor, but updates the content for today’s practitioners. Created as a companion to Novogradac & Company LLP's NMTC Basics workshops, the Introduction to New Markets Tax Credits provides a perfect initiation into the workings of the NMTC. The booklet provides a brief but substantive look into the background and structure of the NMTC and will teach readers about applying for the NMTCs, introduce them to the alphabet soup of CDEs, QEIs, QLICIs and QALICBs, and acquaint them with low-income communities, tax credit recapture, and leveraged and non-leveraged transaction structures. The Introduction to New Markets Tax Credit is the perfect primer for real estate professionals who are considering entering the world of NMTC projects or for the new hires at companies that have years of experience in investing in or lending to real estate projects or businesses in low-income communities. The 2013 edition includes updated application requirements and allocation information.